The Global Micro Turbines Market was valued at USD 150.02 million in 2016 and is projected to reach USD 340.09 million by 2025, growing at a CAGR of 9.52% from 2017 to 2025.
Micro Turbines are small combustion turbines that convert fluid energy into mechanical energy, using microelectromechanical systems technologies. Micro turbines are a relatively new technology for the generation of electric power. Benefits of micro turbine include - small number of moving parts, compact size, light weight, greater efficiency, lower emissions, lower electricity costs, and opportunities to utilize waste fuels.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing in distributed power generation capacity
1.2 Rising focus on generation of clean energy
1.3 Growing demand for energy
1.4 Need to replace traditional coal and nuclear plants
1.5 Cost effective power generation
2. Market Restraints
2.1 Advancements of electrical grids and network upgradations
2.2 Declining oil and gas prices
2.3 Poor energy efficiency
Market Segmentation:
The Global Micro Turbines Market is segmented on the end user, application, capacity, and region.
1. End User:
1.1 Commercial
1.2 Residential
1.3 Industrial
2. By Application:
2.1 Standby Power
2.2 Combined Heat and Power
3. By Capacity:
3.1 12-50 kW
3.2 50-250 kW
3.3 250-500 kW
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Capstone Turbine
2. Bladon Jets
3. Eneftech Innovation
4. Icrtec
5. Toyota Turbine and Systems
6. Bowman
7. Turbotech
8. Ansaldo Energia
9. Brayton Energy
10. Flexenergy
11. Aurelia
12. MTT
13. 247solar
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Micro Turbines Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team.
1 INTRODUCTION OF GLOBAL MICRO TURBINES MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL MICRO TURBINES MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL MICRO TURBINES MARKET , BY END USER
5.1 Overview
5.2 Commercial
5.3 Residential
5.4 Industrial
6 GLOBAL MICRO TURBINES MARKET , BY APPLICATION
6.1 Overview
6.2 Standby Power
6.3 Combined Heat and Power
7 GLOBAL MICRO TURBINES MARKET , BY CAPACITY
7.1 Overview
7.2 12-50 kW
7.3 50-250 kW
7.4 250-500 kW
8 GLOBAL MICRO TURBINES MARKET , BY GEOGRAPHY
8.1 Overview
8.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
8.5.1 Brazil
8.5.2 Argentina
8.6 Rest of the World Regional Market Estimates and Forecasts, 2012 - 2025
9 GLOBAL MICRO TURBINES MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Share
9.3 Vendor Landscape
9.4 Key Development Strategies
10 COMPANY PROFILES
10.1 Capstone Turbine
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Bladon Jets
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Eneftech Innovation
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Icrtec
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Toyota Turbine and Systems
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Bowman
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Turbotech
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Ansaldo Energia
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Brayton Energy
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Flexenergy
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
10.11 Aurelia
10.11.1 Overview
10.11.2 Financial Performance
10.11.3 Product Outlook
10.11.4 Key Developments
10.12 MTT
10.12.1 Overview
10.12.2 Financial Performance
10.12.3 Product Outlook
10.12.4 Key Developments
10.13 247solar
10.13.1 Overview
10.13.2 Financial Performance
10.13.3 Product Outlook
10.13.4 Key Developments
11 Appendix
11.1 Related Reports
The Micro SAR Satellite Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufacturers/p...
The Micro Content Distribution Platforms Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape...
The Streaming Micro Drama Series Production Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landsc...
The Mechanical Drive Systems For Turbines Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscap...
The Micro-Segmentation Security Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufac...
The Micro-Drama Creation Services Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manuf...
The Micro Vibration Measurement Services Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape...
Market Overview
The Asia Pacific Edge Data Center Market is poised for remarkable growth from 2024 to 2034, driven by the increasing demand for low-latency data processing, the proliferation of IoT devices, and the growing adoption of cloud computing services. The market is expected to ...
Market Overview
The Europe Edge Data Center Market is anticipated to experience significant growth from 2024 to 2034, driven by the increasing demand for real-time data processing and reduced latency in digital services. The market is projected to reach USD XX.XX billion by 2034, growin...
Market Overview
The North America Edge Data Center Market is set to experience significant growth from 2024 to 2034, driven by the increasing demand for low-latency data processing, the rise of edge computing applications, and advancements in data center technologies. By 2034, the marke...